Manufacturing sector activities down 5th consecutive month

A map of Nigeria By Elizabeth Adegbesan ECONOMY Activities in Nigeria’s manufacturing sector experienced its  fifth consecutive monthly decline, standing at 46.9 index points in September 2020 due to decline in business activities during the period. This represents a 4.2 index points decline since May 2020 when the manufacturing Purchasing Managers Index (PMI) stood at…

COVID-19: Union urges FG to adopt strategies to revamp economy

The National Union of Chemical Footwear Rubber Leather and Non-Metallic Products Employees (NUCFRLANMPE) has urged the Federal Government to adopt value-adding strategies that would help revamp the economy post Covid-19. Babatunde Olatunji, NUCFRLANMPE president made the call during the 6th quadrennial delegate conference held Thursday in Ibadan, Oyo State. The conference has as its theme…

National identification as bedrock for sustainable development, economic inclusion

Over 100 million Nigerians have no identity . They cannot be formally identified and are effectively ghosts. These include the poorest and the most vulnerable groups – women and girls, the less-educated people, migrants, internally displaced persons, people with disabilities and many people living in rural and remote areas. Understanding the poorest and most vulnerable…

In four charts, why Nigeria’s revenues need quick turnaround

Between January and May 2020, total government revenue generated was below total government expenditure by 59.1 percent, a stark reminder of Nigeria’s ailing finances. The Federal government’s retained revenue has continued to perform poorly against total expenditure, with deficits of over 50 percent for three years straight. Revenue generated in the first five months of……

Grenada lures Nigeria’s rich with second citizenship to attract investment, create jobs

Grenada, a luscious Caribbean island-state, known for its vast stretches of white-sand beaches, pristine rainforests, and spice exports, has opened its shores to Nigerian and Africa’s high net worth individuals, looking to invest in its country, while it rewards them with second citizenship. This is as the government of the country looks to attract foreign…